TRADE WITH AUSTRALIA

New Zealand Herald, Volume LXXIV, Issue 22619, 6 January 1937, Page 10

TRADE WITH AUSTRALIA

ATTITUDE OF JAPAN DEMAND FOR DOMINION WOOL [by telegraph OWN correspondent] DUNEDIN, Tuesday "Trade between Japan and Australia was four to one in Australia's favour, and the reason I was sent out to the Commonwealth in 193<l was to try to equalise trade," said Mr. K. Nihro, former secretary of the Bureau of Commerce in Tokio, who arrived from Australia by tho Tokyo Maru to-day. Mr. Nihro has been in Australia for two years, and is now returning home after having negotiated for Japan the recent trade agreement between the two countries. "Japan is anxious to purchase more from good customer countries, and it wants to obtain a trade treaty with Australia," he said. "Until tho recent agreement none existed." Mr. Nihro emphasised that the present agreement was only of an emergency nature to restore trade relations promptly, and that a full agreement must wait future negotiations. Japanese wool buyers, he said, were in Australia and would attend tlie wool sales. Japan had agreed to let 800,000 bales of Australian wool into tho country, but at the end of 18 months which the agreement covered there would be a demand for more wool, which would probably reach 1,000,000 bales. Although New Zealand might suffer temporarily, Japan was wanting more and more wool, ho added. No doubt thero would bo just as strong a demand at tho future Dominion sales.